A Guide to Partner Codes for CFD Brokers
If you have ever opened an account with a forex broker, you have probably come across a field requesting a partner code. A lot of traders leave it blank. That is a mistake, because using the right code gives you a welcome bonus of real money in free trading capital.
A broker partner code is really just a promo code that you type in during account opening. Once you place your opening deposit, the broker gives you additional capital in your trading account. Your trading conditions remain unchanged. You just start with more money to work with.
How to Find Verified Partner Codes for Brokers
Not all codes you find online are still active. Most broker partner codes shared online are expired. Someone publishes a code when it is first released and then forgets about it. Months later the code has expired but the article is still ranking in Google.
That is the reason curated code sites matter. Resources information resource that actively check their codes before listing them spare you considerable wasted time. Find a site that verifies codes on an ongoing basis, not just when they first go up.
Different Bonuses You Can Get Through a Partner Code
The standard type is the percentage match. You put in a set amount and the broker credits a portion on top. Certain brokers offer up to 100 percent, which practically doubles your opening funds.
Some brokers offer free bonuses — a modest amount, usually somewhere between 10 to 50 dollars, just for opening an account. No deposit needed.
Practically speaking, certain major brokers currently run welcome bonuses worth several thousand in bonus funds. That is real funds you can trade with from day one.
What to Know Before Using a Broker Partner Code
The most common condition is a lot requirement. You must trade a minimum amount of trades before the extra money become available for withdrawal. This is normal across the industry and does not need to scare you.
Also check if the bonus has an time limit, and what happens if you withdraw your initial deposit prior to meeting the volume threshold. Most brokers will void the bonus if you do this.
Steps to Activate a Broker Partner Code
This procedure is pretty simple. Get a verified partner code from a trusted directory. Visit your selected broker's registration page. Fill in your information as normal. Enter the partner code in the promotional code box. Finish your registration and complete your first deposit. The bonus should be credited straight away.
The entire thing should take about 5 to 10 minutes. No disadvantage to entering a valid partner code with a regulated broker. Your spreads remain identical. You just start with additional capital in your account. There is no reason to leave free capital unclaimed if all it requires is entering a code during registration.